The Channel logo

News

By | Paul Kunert 10th September 2012 16:16

Infosys gobbles Lodestone for £218m

Indian outsourcer sups SAP sap

Indian outsourcer Infosys has coughed CHF330 (£218m) in cash for SAP consultancy Lodestone.

The management consultancy is headquartered in Switzerland, but it has global operations including a burgeoning footprint in the UK.

"A key plank of our Infosys 3.0 strategy is to expand our Consulting & Systems Integration (C&SI) business. This acquisition fits perfectly into that strategy," claimed Infosys CEO S. D. Shibulal.

The buy will add 850 staffers, including 750 SAP consultants, to the 30,000 bods the outsourcer already employs in its C&SI unit.

Infosys said the deal also adds 200 new clients across verticals including manufacturing, automotive and life sciences. The outsourcer already has 700 customers in ten verticals, and the expanded operation will turn over $1bn a year, it said.

The deal, which is expected to close by the end of October, dwarfs other moves in the SAP channel - such as Itelligence UK's gobbling of Blueprint Management Systems in July to build a £40m business.

In the last filed accounts for the year to 31 December 2011, Lodestone achieved £9.8m sales in the UK, up from £4.6m in the previous 12 months, and made an operating profit of £867,000 compared to a loss last year of £834,000. ®

comment icon Read 1 comment on this article alert Send corrections

Opinion

Lost

Jennifer Baker

European Commission still silent despite Ireland's plea

Neil McAllister

Claims that cloud will drive Oracle's future growth ring hollow

Features

AWS and Salesforce match up to Ellison's hardware
Five years on, what did Larry's lot do to Sun's partner network?
But here's why we're (probably) not staring at a crash
BlackBerry Passport
Network intelligence - our secret weapon